Aig-Imoukhuede: How philanthropy can help transform Africa’s public sector

Philanthropists have the opportunity to invest in the public sector, eventually gaining private sector backing to help Africa accelerate its transformation agenda. Ofovwe Aig-Imlukhuede, in an interview with CNBC Africa’s Aby Agina, shed light on the importance of public sector transformation and healthcare in Africa. Aig-Imlukhuede emphasized the significant gap between the needs of African citizens and the capacity of governments to meet these needs effectively. He highlighted the importance of efficient and effective public sectors in serving citizens better, leading to transformative outcomes. Aig-Imlukhuede discussed the approach of his foundation in partnering with public sector entities to identify gaps, propose innovative solutions, and work towards sustainable transformations. An example of a successful partnership was with the Nigerian Federal Civil Service, where the foundation helped in the digitalization process to enhance efficiency and effectiveness. Unlike conventional approaches involving consultants, the foundation focused on capacity-building and collaboration with the public sector to ensure lasting impact. Moreover, collaborations extended to private sector entities to leverage technical expertise and funding, emphasizing the interconnectedness of both sectors. Aig-Imlukhuede underscored the vital role of a thriving public sector in supporting private sector growth, encouraging private entities to recognize and support public sector initiatives for mutual success. Noteworthy achievements included the digitalization of the Office of the Head of the Civil Service of the Federation, with plans to expand across all Nigerian ministries, departments, and agencies. Success stories were made possible through partnerships with various organizations, including the Coronation Group, Access Bank, and Microsoft Philanthropies. Their collective efforts led to impactful outcomes and paved the way for further initiatives. Aig-Imlukhuede acknowledged the challenges post-Covid, such as capital and resource mobilization slowdowns, particularly affecting venture capital in African economies. He emphasized the role of philanthropy in engaging with the public sector, introducing innovative initiatives, and demonstrating long-term impact to gain private sector trust. Aig-Imlukhuede highlighted the need for commitment, time, and proof of concept to bridge the public-private sector gap effectively. Reflecting on the future, Aig-Imlukhuede envisioned greater collaboration among organizations to drive innovation across the continent. He shared a notable commitment of 100 million dollars over 20 years by the Agyemokwode Foundation, supported by Access Bank's 200 million dollars, to establish a fund for driving technological innovation. The focus on digitalization as a catalyst for progress highlighted the importance of closing the funding gap to propel African development. Aig-Imlukhuede's call to other private sector entities to invest in similar projects signified a collective effort to advance the continent's agenda and shape its future independently. The commitment to building a self-sustaining platform for innovation and development resonates with the broader goal of self-reliance and progress in Africa.